UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 18, 2020
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IEH Corporation
(Exact name of registrant as specified in its charter)
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| New York | 0-5278 | 13-5549348 |
| (State or Other Jurisdiction | (Commission | (I.R.S. Employer |
| of Incorporation) | File Number) | Identification No.) |
140 58th Street, Suite 8E
Brooklyn, New York 11220
(Address of Principal Executive Offices) (Zip Code)
(718) 492-4440
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock | IEHC | OTCQX Marketplace |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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| Item 9 | Financial Statements and Exhibits |
| (d) | Exhibits |
| Exhibit 99.1 – Press Release, dated February 18, 2020 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| IEH Corporation | ||
| By: /s/ Robert Knoth | ||
| Name: Robert Knoth | ||
| Title: Chief Financial Officer | ||
| Date: February 19, 2020 |
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EXHIBIT INDEX
| Exhibit Number |
Description |
| 99.1 | Press Release dated February 18, 2020. |
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IEH Corporation Announces Third Quarter Fiscal 2020 Results
BROOKLYN, N.Y., February 18, 2020 - IEH Corporation (OTC: IEHC) today announced results for the third quarter of Fiscal Year 2020, ended December 31, 2019.
IEH Corporation reported Revenues of $8.42 million for the third quarter of fiscal year 2020, an increase of 41% as compared to Revenues of $5.98 million for the third quarter of fiscal year 2019. Operating Income was $1.45M compared to $1.12M in Q3 2019, and Net Income was $848K vs. $789K in Q3 2019. These represent increases of 29% and 7.5%, respectively.
Dave Offerman, President and CEO of IEH Corporation commented, “We’re pleased to report ongoing progress and success as we approach the end of our fiscal 2020 year. Investments in personnel, equipment and capacity have all begun to bear fruit, as reflected by our substantial top-line growth. These investments in equipment and space, buttressed by our solid cash position, will continue into the next fiscal year, to support our strong backlog, and facilitate our continued growth.“
About IEH Corporation
For nearly 80 years and four generations of family-run management, IEH Corporation has designed, developed, and manufactured printed circuit board (PCB) connectors, custom interconnects and contacts for high performance applications. With its signature Hyperboloid technology, IEH supplies the most durable, reliable connectors for the most demanding environments. The Company markets primarily to companies in defense, aerospace, space and industrial applications, in the United States, Canada, Europe, Southeast and Central Asia and the Mideast. The Company was founded in 1941 and is based in Brooklyn, New York.
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